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Financial Terms

FIAT Currencies

FIAT currencies are a classification of currency that is authorized by a government but lacks any intrinsic or fixed value. This means that the value of these currencies is not based on a physical object, such as gold or silver. Some examples of FIAT currencies include the Dollar, Euros, and INR.

SLR

This helps ensure the safety and stability of the banking system. Welcome to our lesson on Statutory Liquidity Ratio (SLR), a key term in the world of finance. As a knowledg...

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Harmless Warrants

Harmless Warrants, a bond provision, provides bondholders with the option to relinquish their bond, on the condition that the borrower must acquire another bond with identic...

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Nostro Account

This account allows the bank to make international transactions and facilitates foreign exchange operations. A Nostro Account, also referred to as a correspondent account, i...

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Lead Underwriter

This role involves coordinating with the issuing company to determine the best pricing and timing for the IPO, as well as managing the underwriting process and ensuring compl...

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